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Meeting Date:
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Category:
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Type:
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Subject:
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New Bond Measure (Mr. Kahn) |
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Enclosure:
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Bond Measure Election Timeline |
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File Attachment:
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Summary:
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Staff is currently updating the District Long Range Facilities Development Plan from the 2016 model. The new development plan addresses items and matters outlined in the original plan with updated information.
On August 18, 2023, the Board Facilities Committee received a presentation from the Board's Investment Advisor, who was joined by the Board's Bond Counsel. The Investment Advisor outlined a potential scenario whereby the Board could approach voters at the November 2024 election with a new Bond Measure. Such a Measure would fill the taxing capacity of the expiring Measure K program in such a manner that better than $200,000,000 in bonds could be issued without increasing the level of taxation above that currently assessed against Measure K.
A new bond will help the district to fund capital improvement projects as outlined in the final Long Range Facilities Development Plan. |
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Funding:
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There is no financial impact as a result of this information. |
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Recommendation
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Staff is seeking Board direction to prepare a report regarding the potential of bringing an additional Measure to voters at the November 2024 election. |
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Approvals:
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Recommended By: |
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Signed By: |
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Vickie Brum - Planning Analyst II |
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Signed By: |
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Leonard Kahn - Chief Business Officer |
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Signed By: |
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Neil Young - Superintendent |
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